South Australia’s Ridiculous Wind Power Push Driving Business to Bankruptcy: Power Prices Triple (Again)Posted: April 19, 2017
Unreliable/Novelty/Feel-Good Energy Update :
“Load shedding and blackouts are the norm for all South Australians, but with power generation costs triple Victoria’s, tens of thousands are going to experience energy poverty of a kind that makes life a grinding misery: no electric light; no air-conditioning; no refrigeration – or, instead, going hungry in an attempt to afford a little of what were once reasonable expectations – reasonable even for low income earners and pensioners – which have quickly become tantalising luxuries for all too many.
And for business, it’s a case of get out before your creditors wipe you out.
Welcome to your wind powered future!”
In Australia’s so-called wind power capital, South Australia, its hapless Labor government is crowing about having reached its ludicrous 50% renewable energy target. However, the cost of that vanity project is crippling what remains of South Australia’s productive enterprise.
In our recent post – Economic Carnage: SA’s Rocketing Power Prices Crippling Miners, Bakers & Brewers Alike – we covered the pain being felt by miners like BHP Billiton, bakers and brewers like South Australian icon, Coopers.
Now, South Australia’s butchers have joined the growing list of businesses reeling from power prices that just keep on doubling, almost every year. We deal with the reasons for South Australia’s rocketing power prices below, but first here’s The Australian’s Michael Owen.
South Australia’s ‘energy mess’ threatens to butcher jobs
11 April 2017
A 112-year-old butchers’ co-operative that directly employs more than…
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